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Renaissance Asia Silk Road Group (HKSE:00274) Effective Interest Rate on Debt % : 16.10% (As of Jun. 2023)


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What is Renaissance Asia Silk Road Group Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Renaissance Asia Silk Road Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was HK$51.3 Mil. Renaissance Asia Silk Road Group's average total debt for the quarter that ended in Jun. 2023 was HK$318.8 Mil. Therefore, Renaissance Asia Silk Road Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 16.10%.


Renaissance Asia Silk Road Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Renaissance Asia Silk Road Group's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Renaissance Asia Silk Road Group Effective Interest Rate on Debt % Chart

Renaissance Asia Silk Road Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.30 15.75 18.55 17.68 15.41

Renaissance Asia Silk Road Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.69 16.95 18.79 16.10 9.38

Competitive Comparison of Renaissance Asia Silk Road Group's Effective Interest Rate on Debt %

For the Gold subindustry, Renaissance Asia Silk Road Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Renaissance Asia Silk Road Group's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Renaissance Asia Silk Road Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Renaissance Asia Silk Road Group's Effective Interest Rate on Debt % falls into.



Renaissance Asia Silk Road Group Effective Interest Rate on Debt % Calculation

Renaissance Asia Silk Road Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -51.221/( (263.257+316.219)/ 2 )
=-1  *  -51.221/289.738
=17.68 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.574 + 224.683
=263.257

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.329 + 301.89
=316.219

Renaissance Asia Silk Road Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -51.324/( (316.219+321.445)/ 2 )
=-1  *  -51.324/318.832
=16.10 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.329 + 301.89
=316.219

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.777 + 311.668
=321.445

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Renaissance Asia Silk Road Group  (HKSE:00274) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Renaissance Asia Silk Road Group Effective Interest Rate on Debt % Related Terms

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Renaissance Asia Silk Road Group (HKSE:00274) Business Description

Traded in Other Exchanges
N/A
Address
168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG
Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through three operating segments: Mining Products, which generates the majority of revenue; Moneylending; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Money Lending business segment provides money lending services. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China.
Executives
Zhang Jiaxin 2101 Beneficial owner
Reconstruction Capital Group Limited 2101 Beneficial owner
Sun Guiling 2201 Interest of corporation controlled by you
Wang Song 2201 Interest of corporation controlled by you
Excellent Shine Capital Limited 2101 Beneficial owner
Wang Huimin 2201 Interest of corporation controlled by you
Du Huiyan 2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited 2101 Beneficial owner
Xu Huiqiang 2201 Interest of corporation controlled by you
Wang Yajun 2201 Interest of corporation controlled by you
Everbright Fortune Company Limited 2101 Beneficial owner
Mu Yongjie 2101 Beneficial owner
Ng Chikong 2101 Beneficial owner
Wang Juan 2101 Beneficial owner
Li Tiejian 2101 Beneficial owner

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